New Ethereum Addresses Hit 200K: What Caused The Spike?
Ethereum uses soaring, the network is only through a key milestone, and its analysts predict the price recovery.
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From January 24 to 25, Ethereum The daily activity address increased more than 200,000, and this number has not appeared since October 2022. This huge growth reflects the increase and importance of the network’s participation and importance in Diversified financing (DEFI) and uncompromising tokens (NFT). Glass section data shows.
Ethereum network activity and user participation
The increase in daily activity addresses is one of the most important measures adopted by Ethereum because it shows that more and more users are interacting with decentralized applications (DAPP) and FEFI transactions.
The recent growth of the New Ethereum address shows that more and more people have entered the market. This may be because the price change of new immigrants is attracting, even if the price has recently fallen. The increase in addresses shows the past mode seen when the market is unstable and the price changes. At that time, fluctuations usually lead to more activities on the Internet.
Ethereum grows steadily with non -zero balance. In January 2025, they will exceed 136 million. This consistent rise (even under the decline in price) shows the toughness of Ethereum, and shows that the network accepts a large speculative transaction that is beyond simple speculative transactions, so it shows a lot of long -term demand in the platform.
Price recovery and market fluctuations
Now, the question is whether this model will cause the price recovery of Ethereum, even if it is using it. Even if the user base of the network is expanding, the price of Ethereum is difficult to break a lot of resistance.
Even with a strong sign of adoption, ETH’s price is still under the peak of January 2025. ETH failed The daily and weekly charts are 4.0 % and 1.0 %, and are $ 3,203 at the time of writing.
Analysts are paying close attention to price changes. Some people predict that as more and more institutional investors and individual traders are profitable from the demand for ethical services, the price of Ethereum will rise.
About macroeconomic conditions and Bitcoin price performance
At the same time, macroeconomic conditions, especially Bitcoin Performance and wider market sentiment continues to have a significant impact on the price fluctuations of Ethereum. The volatility of the cryptocurrency market is still a problem, and unexpected declines and peaks forced traders to hesitate.
However, if Ethereum can maintain its current acceptance trend and continue to develop its active user network, its price may eventually increase its lack of upward motivation.
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What triggered the peak?
New increase Ethereum address From January 24th to 25th, market fluctuations continued to rise, which attracted more users. This growth shows the increasing participation with Defi and NFTS, and proposes the future usage of surpassing speculative transactions. The operation of the network shows that regardless of price decrease, consumers’ interest is expanding.
Featured images from Dall-E, chart of tradingView
